| IDEA Cellular Limited Related news |
Bharti Airtel, Vodafone Idea shares tumble after Mukesh Ambani announces Reliance Jio’s ambitious plan
Posted on 13th August 2019 |
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Shares of telecom companies Bharti Airtel and Vodafone Idea slumped on Tuesday after Mukesh Ambani said Monday that Reliance Industries has received strong interest from strategic and financial investors for its telecom and retail businesses. In the early trade on Tuesday, Bharti Airtel shares tumbled nearly 7 per cent to Rs 346.45 per share on BSE, while those of Vodafone Idea plunged about 10 per cent in the intraday trading today. |
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Bharti Airtel replaces Vodafone Idea in second spot by mobile revenues
Posted on 6th August 2019 |
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Focus on data subscribers and weeding out low revenue customers have helped Bharti Airtel, while its peer Vodafone Idea could not implement the strategy. However, network and content costs are on the rise for Bharti as it witnesses a steady rise in mobile data customers. |
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Bharti Airtel, Vodafone Idea, other telcos may have to pay Rs 92,000 cr licence fee dues
Posted on 31st July 2019 |
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The fate of the country’s financially stressed telecom industry is hanging in a precarious balance. The Supreme Court is shortly going to conclude the hearings on a case which is going since 2006 relating to the definition of adjusted gross revenue (AGR) and pronounce its judgment. If the operators lose the case, they may have to shell out a massive Rs 92,000 crore as outstanding licence fee. |
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Voda Idea losses spill over to other AB Birla group firms; m-cap down 6.2%
Posted on 30th July 2019 |
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The continued losses at Vodafone Idea are spilling over into other AB Birla group firms, led by Chairman Kumar Mangalam Birla. The combined m-cap of the AB Birla group firms was down 6.2 per cent on Monday, led by losses at Vodafone Idea. In all, group firms lost nearly Rs 18,000 crore m-cap on Monday. The telecom major has lost 44.3 per cent of its m-cap in July, wiping out most of the gains it made after it raised Rs 25,000 crore by way of a rights issue in May this year. |
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Vodafone Idea loss widens to Rs 4,908 crore in Q1
Posted on 27th July 2019 |
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Vodafone Idea continues to be under competitive pressure with its net loss during the April-June quarter widening to Rs 4,908 crore compared to Rs 4,882 crore in the preceding quarter. The company, which had narrowed its losses during the fourth quarter of the last fiscal on the back of lower operating costs due to realisation of merger synergies, |
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Govt approves Rs 3,050-cr fine on Airtel, Voda Idea; telcos may move court
Posted on 25th July 2019 |
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The Digital Communications Commission (DCC) on Wednesday approved the recommendation of the Telecom Regulatory Authority of India (Trai) to levy a total penalty of Rs 3,050 crore on Bharti Airtel and Vodafone Idea for refusing to provide points of interconnection to Reliance Jio. The apex decision-making body of the telecom sector will now send its verdict to the Department of Telecommunications (DoT) for the final decision. The affected telcos are likely to move court once the DoT formalises the decision. |
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Vodafone Idea shares slip below face value to hit new low of Rs 9.90
Posted on 24th July 2019 |
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Shares of Vodafone Idea slipped below its face value of Rs 10 at Rs 9.90, down 6 per cent on the BSE on Wednesday on the back of heavy volumes. The stock of the telecom services provider hit an all-time low on the bourses. Till 02:26 pm, around 200 million equity shares, representing 0.69 per cent total equity of Vodafone Idea, changed hands on the NSE and BSE. About 9.5 million shares of the company changed hands via single block deal, the BSE data shows. |
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Vodafone Idea picks Bank of America, Morgan Stanley for ₹130 billion fiber assets sale
Posted on 19th July 2019 |
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Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said. The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as ₹130 billion ($1.9 billion), the people said, asking not be identified as the talks are private. |
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Airtel, Vodafone Idea focus on high revenue customers
Posted on 3rd July 2019 |
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While Reliance Jio is becoming a mass market player with its prepaid tariffs almost a third of those offered by incumbents, Vodafone Idea (VIL) and Bharti Airtel have their focus on higher-Arpu (average revenue per user) customers, and it shows in the premium charged in postpaid tariffs compared to that of Jio’s. With this, the segmentation of telecom subscribers in India is becoming clearer now as telcos seem to have fixed their allegiance to their respective customer bases. |
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Reliance Jio, Airtel, Vodafone Idea report similar revenue market share
Posted on 18th June 2019 |
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The revenue market share (RMS) of the top three Indian telecom players has reached a state of equilibrium for the first time since the launch of Reliance Jio in September 2016 in the first three months of January-March 2019 quarter. Reliance Jio reported mobile RMS, including access services and national long-distance revenues, of near 31%, Vodafone Idea (VIL) stood at about 31% and Bharti Airtel was a tad above 29%. The remaining is shared among the smaller players. |
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